If it is really unable to repay, it shall negotiate with banks or lending institutions to extend the repayment period or repay it in installments.

Consequences of non-payment of credit loans:

If the lending institution or bank fails to perform the judgment within the performance period after winning the case, it will apply for enforcement.

2. When accepting enforcement, it will inquire about the real estate, vehicles, securities and deposits under the name of the lender according to law.

3. If the lender has no property to enforce, refuses to perform the effective judgment, overdue repayment and other negative information will be recorded in the personal credit report, and will be restricted from high consumption and entry and exit, and may even be punished by judicial custody.

4. Those who have the ability to refuse to execute are suspected of refusing to execute the judgment or ruling.

Personal credit is the foundation of the whole social credit. The market subject is composed of individuals, and all economic activities in market transactions are closely related to personal credit.

Once individual behavior is out of control, individual dishonesty will occur, and then collective dishonesty will occur.

Therefore, the construction of personal credit system is of great significance.

Personal credit is not only the foundation of a country's market ethics and moral culture construction, but also a huge resource for a country's economic development. The development and utilization of such resources can effectively promote consumption, optimize resource allocation and promote economic development.

The more the market economy develops, the more important the role of personal credit is, and the perfection of personal credit system has become one of the obvious signs of the maturity of market economy.

20 13, 10 The announcement issued by the Credit Information Center of the People's Bank of China shows that from 20 13, 10 and 28, the pilot scope for individuals to check their credit reports through the Internet will be further expanded, from the original three pilots in Jiangsu, Sichuan and Chongqing to the whole country.